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  • 14 Indian startups have sacked over 2,100 employees in the first three weeks of 2023 Jan 24, 2023 12:28 PM IST

    14 Indian startups have sacked over 2,100 employees in the first three weeks of 2023

    The number of layoffs has crossed last year’s three-week average of around 1,060 sackings as more companies take up the layoff route to stay afloat amid a stubborn funding winter.

  • Few takers, teacher exits force Unacademy to defer offline NEET PG institute launch Jan 24, 2023 08:30 AM IST

    Few takers, teacher exits force Unacademy to defer offline NEET PG institute launch

    Prepladder Neuros launch delayed till March as about 14 teachers have resigned over the last four months

  • Propcatalyst to facilitate fractional ownership of Rs 200 crore worth commercial assets to investors this year Jan 21, 2023 12:32 PM IST

    Propcatalyst to facilitate fractional ownership of Rs 200 crore worth commercial assets to investors this year

    The company plans to increase its assets under management (AUM) to Rs 250-300 crore this year from the current Rs 100 crore.

  • Sequoia-funded Zilingo, founded by Ankiti Bose, to liquidate after crisis Jan 20, 2023 06:35 PM IST

    Sequoia-funded Zilingo, founded by Ankiti Bose, to liquidate after crisis

    The liquidation process spells an end to a startup whose implosion and months-long battle for survival sent shock waves through Southeast Asia and India’s tech industries.

  • GoMechanic fiasco may be the end of honeymoon for Indian startups Jan 20, 2023 11:14 AM IST

    GoMechanic fiasco may be the end of honeymoon for Indian startups

    The GoMechanic episode casts a dark shadow over all participants in the fray including deep-pocket investors, Sequoia and Tiger Global, the media which rushed to celebrate their unrealised success and, of course, the founders who may have even ignored warnings of financial irregularities from their auditors

  • Better Capital-backed Gullak raises $3 million in seed round Jan 19, 2023 06:40 PM IST

    Better Capital-backed Gullak raises $3 million in seed round

    Gullak had earlier raised $1.3 million as part of its pre-seed round led by Better Capital and some angel investors, including Vimal Kumar and Sheetal Lalwani (Co-founders at JusPay)

  • NBFC Avanse Financial Services raises Rs 800 crore from Kedaara Capital Jan 19, 2023 05:51 PM IST

    NBFC Avanse Financial Services raises Rs 800 crore from Kedaara Capital

    The funds would be used to expand the company's presence and outreach by lending to students and towards the development of the Indian education ecosystem, the lending firm has said

  • Sequoia announces Spark 02 fellowship for 12 female startup founders from India and SEA Jan 19, 2023 07:07 AM IST

    Sequoia announces Spark 02 fellowship for 12 female startup founders from India and SEA

    Spark 02 founders will also have access to select Surge sessions and get mentorship from Sequoia India and Southeast Asia portfolio specialists across hiring, product, legal, finance, product, technology, and marketing

  • Budget 2023 | What does the startup street want from FM Sitharaman? | MC Budget Manifesto Jan 17, 2023 05:27 PM IST

    Budget 2023 | What does the startup street want from FM Sitharaman? | MC Budget Manifesto

    The funds coming into Indian startups through the private equity and venture capital route slowed down in 2022. The ecosystem witnessed a prolonged effect of the funding winter. In the run-up to the Budget, we present you the MC Budget Manifesto, where we list key expectations of various sectors from FM Sitharaman. So what do the Indian startups wish for in 2023? Let’s find out.

  • Piyush Goyal pitches for startup database in country Jan 16, 2023 02:18 PM IST

    Piyush Goyal pitches for startup database in country

    Piyush Goyal said the database can help the government in its procurement of goods and services.

  • Startup VilCart raises USD 18 million from investors to expand operations Jan 14, 2023 05:48 PM IST

    Startup VilCart raises USD 18 million from investors to expand operations

    The company raised this amount in a Series A funding round led by Asia Impact SA.

  • Ola lays off 200 employees in 'restructuring exercise' Jan 13, 2023 10:15 AM IST

    Ola lays off 200 employees in 'restructuring exercise'

    The laid-off employees are from Ola Cabs, Ola Electric, and Ola Financial Services verticals

  • Startup Street: Energising work culture through offsites Jan 12, 2023 09:18 AM IST

    Startup Street: Energising work culture through offsites

    The sheer novelty of new locations in an offsite and informal approach often help bring new thoughts, new angles to reaching common goals and above all break down walls of communication

  • Startup funding in India drops 33% to USD 24 billion in 2022: Report Jan 11, 2023 03:45 PM IST

    Startup funding in India drops 33% to USD 24 billion in 2022: Report

    Global investors were still positive about the Indian startup ecosystem despite the global slowdown, as per the report titled 'Startup Tracker-CY 22'.

  • MC Insider: The next big pharma IPO, trader in trouble, life science firm in distress & more Jan 11, 2023 09:51 AM IST

    MC Insider: The next big pharma IPO, trader in trouble, life science firm in distress & more

  • PE firms increasing focus on revenue and profitability in funding evaluations: KreditBee’s Madhusudan Ekambaram Jan 10, 2023 12:06 PM IST

    PE firms increasing focus on revenue and profitability in funding evaluations: KreditBee’s Madhusudan Ekambaram

    In a candid interview with Moneycontrol, KreditBee co-founder and CEO Madhusudan Ekambaram said that he intends to take the company public in three years. He also shared the rationale behind raising funds and provided an overview of the company's revenue and profit numbers.

  • Byju’s seeks more time from lenders to recast $1.2 billion debt Jan 10, 2023 12:00 PM IST

    Byju’s seeks more time from lenders to recast $1.2 billion debt

    The creditors have until Tuesday to sign a forbearance agreement, which will give the company time till Feb. 10 to negotiate broader terms on the term loan, the people said, asking not to be identified as the information isn’t public.

  • Startup India Innovation Week begins today Jan 10, 2023 11:03 AM IST

    Startup India Innovation Week begins today

    Aimed at encourage entrepreneurship and innovation, the Startup India Innovation Week will conclude on the National Startup Day on January 16

  • Edtech startup Toddle raises $17 million from Sequoia Capital India, others  Jan 10, 2023 09:04 AM IST

    Edtech startup Toddle raises $17 million from Sequoia Capital India, others 

    This comes as B2C K-12 online edtech startups in India have been suffering post-pandemic with demand falling, while those operating in the B2B edtech segments witnessed tailwinds of growth with schools more open to adopting innovation.

  • Crypto startup funding falls to lowest level in almost two years Jan 10, 2023 07:07 AM IST

    Crypto startup funding falls to lowest level in almost two years

    Overall, VC firms invested $2.3 billion in crypto startups during the quarter, a 75% drop from the same period the previous year, according to PitchBook.

  • MC Insider: Stock influencers fight, brokerage learns a hard lesson, spotlight on scamsters and more Jan 09, 2023 09:02 AM IST

    MC Insider: Stock influencers fight, brokerage learns a hard lesson, spotlight on scamsters and more

  • How BharatPe racked up Rs 5,594 crore loss in FY22 Jan 05, 2023 12:39 PM IST

    How BharatPe racked up Rs 5,594 crore loss in FY22

    Almost 85 percent of the loss amount was because of change in value of preference shares

  • Budget 2023 must lower barriers that chase out startups from India Jan 02, 2023 01:36 PM IST

    Budget 2023 must lower barriers that chase out startups from India

    Budget 2023: The lack of policy penetration, legacy artefacts in Indian regulations and restrictions on operations are pushing Indian innovation overseas

  • PE/VC funding tanked 30% in 2022; here's how Indian startups fared this year Dec 31, 2022 11:05 AM IST

    PE/VC funding tanked 30% in 2022; here's how Indian startups fared this year

    The average deal size of late-stage transactions (investment into companies that are over 10 years old, or Series G or later rounds of institutional investments) fell 39 percent to $90 million in 2022 from $148 million last year.

  • Hate is public, love is private: Byju Raveendran to employees on his 2022 learnings Dec 30, 2022 06:30 PM IST

    Hate is public, love is private: Byju Raveendran to employees on his 2022 learnings

    Byju Raveendran's comments on how users like Byju's courses come at a time when the company has been heavily criticised in the media about allegedly mis-selling and over-selling its courses, even to poor families in the country.